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Jul 17, 2012
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a government department that may be using probably not the technology near what the private sector uses to compile data or a store like walmart where 140 million people shop each week? does costco have a better handle on retail sales than the department of commerce given they have the sales per square footage of every store in the head while the commerce department doesn't have a permanent secretary at the helm? how about retail sales of autos. in the month of june chrysler sold 20% more cars than last year. more than any year since 2007. gm's numbers are the best since 2008. ford sales were up only 7%. the numbers told us more about retail auto sales than the miserable commerce number but chrysler doesn't trade as an individual company. none of these numbers compare to reports from the banks since earnings season began. today we got citigroup's numbers. they were certainly better than expected. the terrific portion of earnings coming from international. notably transactions citi processes overseas, not a lot of risk there. friday we got numbers from jpmorgan and wells fargo. they reall
a government department that may be using probably not the technology near what the private sector uses to compile data or a store like walmart where 140 million people shop each week? does costco have a better handle on retail sales than the department of commerce given they have the sales per square footage of every store in the head while the commerce department doesn't have a permanent secretary at the helm? how about retail sales of autos. in the month of june chrysler sold 20% more cars...
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Jul 26, 2012
07/12
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we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> welcome back. now check this out. cattlemen and ranchers got beefed when an internal department of agriculture uh newsletter surfaced calling on employees to participate in meatless mondays as a way of reducing their environmental footprint. meatless mondays. the department told beef magazine it doesn't endorse meatless monday. the newsletter hadn't been cleared and has been removed. the president of the association said we appreciate usda making this right. okay. >>> now, why are liberals being allowed to dictat
we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ]...
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Jul 9, 2012
07/12
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tell us what you think. next hour on "the closing bell" we'll give you your first diabolical hint as to the top state and tomorrow all day long on cnbc we'll count down the top five america's top states for business. brian? >> you are a mystery wrapped in an enigma cloaked in a shroud of secrecy. where are you? >> reporter: barrels of something. >> are you going to tap those tomorrow? >> reporter: that's a good idea. just, you know, there's an s spigot. >> we look forward to it. thanks very much. >>> the flat beer trade and the booey buy. it's china's explosive growth fueled by stolen secrets of american companies? david faber here with a special report. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business.
tell us what you think. next hour on "the closing bell" we'll give you your first diabolical hint as to the top state and tomorrow all day long on cnbc we'll count down the top five america's top states for business. brian? >> you are a mystery wrapped in an enigma cloaked in a shroud of secrecy. where are you? >> reporter: barrels of something. >> are you going to tap those tomorrow? >> reporter: that's a good idea. just, you know, there's an s spigot....
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Jul 6, 2012
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an engine everybody else is using. we don't know what the company will spend. >> the cost to transition. >> we don't know down the road. analysts saying they have cash issues. the company said that they've got access. they believe they have access to capital in the future. >> one of the companies that has been on the hit list in the past, green mountain coffee roasters. >> it and a few others defining the market. in the green today. it was up the higher the market when you can see it's coming in but the lower the market went, the higher green mountain went. >> it's not just today, right? >> no. classic sign -- >> significantly over the last week. >> a classic sign of how sick the market is. there's no news. everyone's talked about. people can fuel these kind of stories with a rumor. these kind of stocks with rumors. >> it's up over the past five days. starbucks is down over the same period. go figure. netflix. just turned negative. >> in the green today again because of the streaming news and the facebook leak or i wou
an engine everybody else is using. we don't know what the company will spend. >> the cost to transition. >> we don't know down the road. analysts saying they have cash issues. the company said that they've got access. they believe they have access to capital in the future. >> one of the companies that has been on the hit list in the past, green mountain coffee roasters. >> it and a few others defining the market. in the green today. it was up the higher the market when...
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Jul 13, 2012
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i think the proof points are ahead of us, not behind us. we're going to get all of the banks reporting -- >> what's your estimate on earnings then? do you think they keep coming down for the second half? >> maybe not. you think about it we were down for about eight weeks in a row. and now earnings have ticked up a bit. i think the bar has been set low enough that we can see companies beat that low set par. by consider is the second half of the year, those are the real concerns i have. >> we think they will be down for next year, down 1% next year. on telecoms take your big ones this year, and buy ka ncanadian telecoms. they have bigger upside. 5.2%. bce, they're big bell up there, so sell some of your u.s. telecoms and buy canadian telecoms. better upside with further penetration for their wireless. >> you were nodding your head on this. >> we don't like the deep defensives here, the utilities and the telecoms. we think they're trading at levels that are unprecedents with the premium. so we want to have some of the less deep defensive stock
i think the proof points are ahead of us, not behind us. we're going to get all of the banks reporting -- >> what's your estimate on earnings then? do you think they keep coming down for the second half? >> maybe not. you think about it we were down for about eight weeks in a row. and now earnings have ticked up a bit. i think the bar has been set low enough that we can see companies beat that low set par. by consider is the second half of the year, those are the real concerns i...
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Jul 2, 2012
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thank you both for joining us. the love that. >> violent storms wreaking havoc on the ground, knocking out power. also disrupting the cloud where so many of us store our music, photos and more. are all of those files safe in the cloud? we'll look at that issue coming up next. >>> plus is the housing market recovering or not some it dependses on who you ask. and where you you live. today the stock market may have given us a surprising answer. >>> and later young americans showing less enthusiasm for president obama now than their counter part diswhen he was running for office four year ago. and it's because the kids are not all right when it comes to the economy. a look at that issue coming up. [ male announcer ] introducing a powerful weapon in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. so you can kill bugs inside, and keep bugs out. guaranteed. this is new york stat
thank you both for joining us. the love that. >> violent storms wreaking havoc on the ground, knocking out power. also disrupting the cloud where so many of us store our music, photos and more. are all of those files safe in the cloud? we'll look at that issue coming up next. >>> plus is the housing market recovering or not some it dependses on who you ask. and where you you live. today the stock market may have given us a surprising answer. >>> and later young americans...
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Jul 10, 2012
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you got us? >> yes, i do. 59%. we do this realtime. 32 billion three year notes yield at auction .366. right up to the stroke of the last 1:00 eastern bids was .367 bid at .359. the price tight where the market was trading. 3.52, 10 auction average, means $4.52 chasing every dollar worth of securities available for sale. the indirects on the light side. auction at 35. and directs were pretty much smack on. dealers took a little over 59% of the auction. we talked about belly full of securities. this will get a c plus. i could have gone b minus. we will go c plus. we have 21 billion ten year notes to go off the block tomorrow. tyler, back to you. >> thank you. >> to jackie deaeangelis to the market flash. >> want to point you to ticker www. second quarter eps, came under street expectations, a little troubling for the stock. citi says there are positive things edging higher despite negative 4 x and saw their inventories come down. we're popping 4.6% looking at the stock. >> the hottest valley in silicon valley may no
you got us? >> yes, i do. 59%. we do this realtime. 32 billion three year notes yield at auction .366. right up to the stroke of the last 1:00 eastern bids was .367 bid at .359. the price tight where the market was trading. 3.52, 10 auction average, means $4.52 chasing every dollar worth of securities available for sale. the indirects on the light side. auction at 35. and directs were pretty much smack on. dealers took a little over 59% of the auction. we talked about belly full of...
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Jul 16, 2012
07/12
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thanks for spending time with us. what's he likely to tell congress or take it a step further if he doesn't say what we think he might not tomorrow. take a look at jackson hole, put this whole thing in perspective in terms of retail economy. >> sure. the market seems to be pricing in an announcement by bernanke tomorrow and i simply don't expect that to happen. this format is not the kind of format where bernanke wants to announce a policy shift. he wants the backing of other fed governors, other people on the fomc as might occur on the august one. tomorrow i would expect him to speak in generalities, speak about a past policy, speak about the current economy but not an announcement about qe, up to 3,000, with some kind of mortgage purchase plan which i do expect to happen later in the year before the election. >> the data lately has been bad. no way to sugarcoat it. today's retail sales number what was the latest example of that. are you saying you expect come jackson hole in august that qe3 of some form is rolled ou
thanks for spending time with us. what's he likely to tell congress or take it a step further if he doesn't say what we think he might not tomorrow. take a look at jackson hole, put this whole thing in perspective in terms of retail economy. >> sure. the market seems to be pricing in an announcement by bernanke tomorrow and i simply don't expect that to happen. this format is not the kind of format where bernanke wants to announce a policy shift. he wants the backing of other fed...
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Jul 20, 2012
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howard, nice to have you with us. we have heard and seen the statements from the companies involved in the production and the showing of these movies in the theaters. but what next steps do these companies need to take? should they pull all advertisements? should they pull the marketing materials over the weekend? what should they do? >> well, actually you'd be surprised but you can't pull any of the advertising and marketing materials. the media buys are done. what i think warners has done and the theater owners have done is exactly the right thing. number one, they've expressed great concern and condolences for the tragedy victims and the families. they're working with law enforcement both on the federal and local level to make sure that they're everything they can to make sure the moviegoers are as safe as can be. what they have pulled is any live media appearances. there was a paris premiere scheduled. there were a number of interviews scheduled. those obviously won't be going forward. and that's the right decisio
howard, nice to have you with us. we have heard and seen the statements from the companies involved in the production and the showing of these movies in the theaters. but what next steps do these companies need to take? should they pull all advertisements? should they pull the marketing materials over the weekend? what should they do? >> well, actually you'd be surprised but you can't pull any of the advertising and marketing materials. the media buys are done. what i think warners has...
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Jul 3, 2012
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he joins us next. and neil diamond. >> taking us to -- "squawk box" is coming right back. [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension. but hurry before this opportunity...disappears. ♪ the mercedes-benz summer event ends july 31st. ♪ ends july 31st. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. the the nasdaq by 1.75. nearly 1.8 million people in ohio, west virginia, maryland and virginia and washington are still without power. more than three days after a violent storm swept through the region. powe
he joins us next. and neil diamond. >> taking us to -- "squawk box" is coming right back. [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension. but hurry before this opportunity...disappears. ♪ the mercedes-benz summer event ends july 31st. ♪ ends july 31st. this is new york state. we built the first railway, the first trade route to the west,...
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Jul 4, 2012
07/12
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he would never give up on any of us. [ticking] >> when sir howard stringer was named chairman and ceo of sony in 2005, he was tasked with turning around japan's troubled giant. but as leslie stahl reported in january 2006, sony's bigness was one of its biggest problems. >> so all of a sudden, the entrepreneurial company, over 60 years, has become this big elephant. >> professor hirotaka takeuchi, is dean of one of japan's most prestigious business schools. >> i don't know if you heard steven jobs' speech, the title of which was "stay hungry, stay foolish.' >> and sony wasn't hungry anymore. >> as hungry or as foolish. >> the man sony is counting on to fix that--and foster unity and cooperation--is an unlikely choice, and not just because he's a sir rather than a samurai. you do not have the typical resume of a ceo. no mba. >> no. >> you're kind of a rare bird. >> "odd," i think, is probably the word. >> but you're very un-ceo-like. >> i don't have a financial background. i mean, i never-- i used to deliberately say that
he would never give up on any of us. [ticking] >> when sir howard stringer was named chairman and ceo of sony in 2005, he was tasked with turning around japan's troubled giant. but as leslie stahl reported in january 2006, sony's bigness was one of its biggest problems. >> so all of a sudden, the entrepreneurial company, over 60 years, has become this big elephant. >> professor hirotaka takeuchi, is dean of one of japan's most prestigious business schools. >> i don't...
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Jul 9, 2012
07/12
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nice to have you with us. what we found in reporting out this documentary, larry, is that so few companies seem willing to come public, first of all, in admitting they've been breached. it makes it very difficult to coordinate any sort of policy response. has that been your experience and is there any hope that that will change? >> yeah, there is substantial hope it will change. congress rogers' bill would be a substantial aid in having more communication between the government and between industries. we'd focus a little bit more on the need for information sharing between the industries and government rather than the public, necessarily, because we're mostly interested in trying to prevent these attacks from succeeding. public disclosure after the fact doesn't help us as much as stopping the attacks in process. >> of course, those attacks are coming in constantly. what is your experience in terms of at least that communication you're referring to and what happens the heightened awareness of u.s. corporations
nice to have you with us. what we found in reporting out this documentary, larry, is that so few companies seem willing to come public, first of all, in admitting they've been breached. it makes it very difficult to coordinate any sort of policy response. has that been your experience and is there any hope that that will change? >> yeah, there is substantial hope it will change. congress rogers' bill would be a substantial aid in having more communication between the government and...
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Jul 12, 2012
07/12
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she joins us with breaking news on google. what do you have for us? >> we just sat down on the record with google's executive chairman who made comments about larry page, the co-ceo. larry's been out, he lost his voice. highs not at sun valley because it's a very public speaking event but schmidt said he'd been in the office since monday, he's not expected to miss any other public meetings in the future. that is something we about update for you going forward. the other comment he's made were on the fiscal cliff. he said the existence of something like a cliff is merely causing spookiness to go into the economy. it spooks investors and he called it a disaster, the behavior in washington and a failure to reach a solution all this time is just unacceptable and is a real, real detriment to american business. we'll have the full extended comments from schmidt tomorrow on "squawk box." that's the latest from sun valley. >> thanks, kayla tausche. i think he got that completely right. now, as we head toward the election, much of the rhetoric dealing with wea
she joins us with breaking news on google. what do you have for us? >> we just sat down on the record with google's executive chairman who made comments about larry page, the co-ceo. larry's been out, he lost his voice. highs not at sun valley because it's a very public speaking event but schmidt said he'd been in the office since monday, he's not expected to miss any other public meetings in the future. that is something we about update for you going forward. the other comment he's made...
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Jul 5, 2012
07/12
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try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> the all-star break of baseball is tuesday and we'll get ahead of the game with valuable stuff up for auction at the fan fest out in kansas city. david hunt is the president of hunt auctions. let's start with one of the really signature items here. it is a signed home run baseball, lou gehrig, right? >> yeah. wonderful piece. and a great story behind it, too. 1928, the world series playing in the cardinals, the yankees. had lost in '26 and gehrig hit a home run off of grover alexander. buddy kerlin and his friend went to the game. there was a scrum and buddy bounced off the hands. the announcer said there's the first error of the game. great family history. >> you are looking to $100,000 to $200,000 out of that. next one is a bat from ty cobb. >> pretty good hitter. this is the game-used bat of ty cobb. originated from the family of eddie oslo from detroit. great family lineage again. you can see the use a
try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> the all-star break of baseball is tuesday and we'll get ahead of the game with valuable stuff up for auction at the fan fest out in kansas city. david hunt is the president of hunt auctions. let's start with one of the really signature items here. it is a signed home run baseball, lou gehrig, right? >> yeah. wonderful piece. and a great story behind...
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Jul 4, 2012
07/12
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this summer, save up to 30%, plus get up to $100 on us. welcome to hotels.com. >> in march of 2008, with the economy in decline, famed corporate raider carl icahn talked with leslie stahl. he was on a crusade to make american business more competitive. as he saw it, u.s. corporations were losing their edge due to bloated bureaucracies and rampant waste. >> there were very few companies i couldn't go into--and i'm not a manager-- and knock off 30% of cost, just cost of waste. just waste. now why is that a problem? because that's why--one of the problems in our competing-- this is the specter coming because we can't compete with asia, and we still walk around with our head in the sand. it's a sad commentary. >> he gets really worked up over fat ceo paychecks and bonuses even when the company loses money. they give them all this money for doing a terrible job. and from my way of looking at it, why? >> you do seem to have special contempt for ceos as a category, as a group. >> we're gonna be run by morons, right? okay. i have no contempt for t
this summer, save up to 30%, plus get up to $100 on us. welcome to hotels.com. >> in march of 2008, with the economy in decline, famed corporate raider carl icahn talked with leslie stahl. he was on a crusade to make american business more competitive. as he saw it, u.s. corporations were losing their edge due to bloated bureaucracies and rampant waste. >> there were very few companies i couldn't go into--and i'm not a manager-- and knock off 30% of cost, just cost of waste. just...
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Jul 30, 2012
07/12
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tweet us your thoughts on that. we will put your responses on the air after what should be a rather interesting discussion on that issue. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> phil lebeau goes behind the wheel with more on this story. >> this is one of those moves a lot of people are scratching their heads whether or not this is a sign of problems at gm or just busines
tweet us your thoughts on that. we will put your responses on the air after what should be a rather interesting discussion on that issue. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. this is new york state. we built the first railway, the first trade route to...
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Jul 9, 2012
07/12
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he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. welcome >>> welcome back to "power lunch." look at fti con solting. william blair doesn't think that the business is fallen off but that projected growth did not develop. not good for the stock. a five and a half-year low this morning. tyler? >> thank you very much.
he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. welcome >>> welcome back to "power lunch." look at fti con solting. william blair doesn't think that the business is fallen off but that projected growth did not develop. not good for the stock. a five and a half-year low this morning. tyler? >> thank you very much.
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Jul 19, 2012
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brian shactman joins us with more on that. all the latest breaking headlines coming into the newsroom. good evening. >> larry, the numbers are striking for a company that's struggling. yahoo! will pay her $1 million in salary, a bonus up to 200%, $12 million in stock and options over three years. follow me here. then retejs awards of $15 million in stock and another $15 million in options. then another $14 million for the stock she left behind at google. the deal could top $70 million. speaking of google earnings after the bell profits up 11% to nearly $3 billion on a big jump in paid clicks. microsoft had its first quarterly loss in the 26 years it's been a public company thanks to a $6 billion write down for the acquisition five years ago. the stock up in after hours trading 2%. we have word that police in madrid are firing rubber bullets into a crowd of protesters. tens of thousands marching across austerity measures in 80 cities across the entire country of spain. walgreens and express scripts back in business. the pharmac
brian shactman joins us with more on that. all the latest breaking headlines coming into the newsroom. good evening. >> larry, the numbers are striking for a company that's struggling. yahoo! will pay her $1 million in salary, a bonus up to 200%, $12 million in stock and options over three years. follow me here. then retejs awards of $15 million in stock and another $15 million in options. then another $14 million for the stock she left behind at google. the deal could top $70 million....
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Jul 5, 2012
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and he can use this confusion to his advantage. the fact is the president has not been clear about it. he says it's a tax, it's not a tax. he's argued both sides. he is at the base not telling the american people the truth and he's doing it do their disadvantage. and hartman's point, tom, with all due respect, you say it was 1% in massachusetts. the thing is, massachusetts is a different state in that it was heavily doctored, already heavily insured. it was the best test case for this and it didn't go well. a lot of americans are going to make a conscious choice not to buy the health care and pay the tax. >> i have to leave it there. i wish we had more time to go through this. thank you, gentlemen. >>> coming up, june jobs judgment eve. the all-important jobs report out tomorrow. last month, jobs were incredibly disappointing. stocks fell 212 points. a cnbc poll a survey of economists have the number at another anemic 100,000. investors and politicians holding their breath. how will the jobs report hit the economy? how will it hit
and he can use this confusion to his advantage. the fact is the president has not been clear about it. he says it's a tax, it's not a tax. he's argued both sides. he is at the base not telling the american people the truth and he's doing it do their disadvantage. and hartman's point, tom, with all due respect, you say it was 1% in massachusetts. the thing is, massachusetts is a different state in that it was heavily doctored, already heavily insured. it was the best test case for this and it...
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Jul 18, 2012
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us. carolyn will run for now. thanks very much and we'll keep an eye on the credit suisse story throughout the morning. >>> dow jones, spanish banks total bad loans are increasing. 155.84 billion in may. bad debt is now just 9% of the total loengz in may. that may have implication as well for the amount of money that must be put into spnish banking sector. swedish bank posted a larger than expected net profit thanks to wider lending margins. the ceo told us the condition is coping with current conditions. >> you can say we are adjusting our whole new business model to the new normal, which is lower growth, very low interest rates and all these new requirements on bank, regulation and so on. i think the fundamental think is to make sure we run the bank more efficiently in terms of funding and liquidity costs. >> swedbank has seen profits drop, but better than expected. the ceo had this so say about the guidance. >> the depth of the crisis in the real economy are starting to show here. but
us. carolyn will run for now. thanks very much and we'll keep an eye on the credit suisse story throughout the morning. >>> dow jones, spanish banks total bad loans are increasing. 155.84 billion in may. bad debt is now just 9% of the total loengz in may. that may have implication as well for the amount of money that must be put into spnish banking sector. swedish bank posted a larger than expected net profit thanks to wider lending margins. the ceo told us the condition is coping with...
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Jul 9, 2012
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what can you tell us? >> the interesting thing about this event this year there seems to be real split in the at the entrepreneur of defense versus commercial. a lot of enthusiasm. on the defense side everybody realizes we're in an environment where around the world it's tighter defense budget. our next guest is the best person to bring in on this, the ceo of raytheon. do you look at this and say it's too hard to say. >> right now we're facing tighter defense budget time but at the same time world events drive these things and things change rapidly where we are right now we're positioning, a lot of us are repositioning our portfolios to meet the new environment. for the most part defense budgets are still fairly strong. >> i know you're in a quiet period. investors are always worried when defense budgets tighten that profitability is going to shrink for the defense companies and shrink at a moment's notice. how confident are you that you can grow profit over the next two or three years in a tighter defense
what can you tell us? >> the interesting thing about this event this year there seems to be real split in the at the entrepreneur of defense versus commercial. a lot of enthusiasm. on the defense side everybody realizes we're in an environment where around the world it's tighter defense budget. our next guest is the best person to bring in on this, the ceo of raytheon. do you look at this and say it's too hard to say. >> right now we're facing tighter defense budget time but at the...
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Jul 30, 2012
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stay with us. we'll have bethany for the rest of the hour. >> still to come, a faceoff in a san francisco courtroom today. we'll have the details when we come back. as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this ie pursuit of perfection. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. . >>> you're watching "worldwide exchange." these are your headlines. hsbc sets aside $2 billion to solve issues in the uk and u.s. as it posts a pre-tax profit of $12.7 billion. >> stocks rally for a third consecutive session. investors wait for coordinated
stay with us. we'll have bethany for the rest of the hour. >> still to come, a faceoff in a san francisco courtroom today. we'll have the details when we come back. as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this ie pursuit of perfection. [ feedback ] attention, well, everyone. you can now try snapshot from progressive...
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Jul 24, 2012
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let us know, tweet us and e-mail us. of course, you can reach us direct directly. and a new report comes out today from real estate website zillo.com. shows u.s. home prices rose 0.2% in the second quarter. it's the first year-on-year increase in 2007. nearly a third of the metro areas showed annual price hikes as they measure prices of comparable homes in the same community. that gives a reasonable picture of trends. john, are you buying real estate? >> i actually did just buy a house. i think real estate can be a good investment, obviously, if you're buying a home and can afford it. i think the interesting thing about seeing the increase in prices for the first time year-over-year since 2007, you can look at that and says it's great and the prices are going up. we should expect them to go up a little bit. if you remember back in 2007, i believe housing start numbers were at about 2 million starts per year. that dropped down to historic lows at 400,000. you think there will be pent-up demand to buy homes again. with rates so low so we can afford a larger house bec
let us know, tweet us and e-mail us. of course, you can reach us direct directly. and a new report comes out today from real estate website zillo.com. shows u.s. home prices rose 0.2% in the second quarter. it's the first year-on-year increase in 2007. nearly a third of the metro areas showed annual price hikes as they measure prices of comparable homes in the same community. that gives a reasonable picture of trends. john, are you buying real estate? >> i actually did just buy a house. i...
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steven isaacs joins us now. steven, thanks for joining us. we fully expect more point of seize from the bank of england on thursday. another 250 billion. they've already told banks to go out and use 150 or 200 billion reserves in terms of lending. >> the data has been very poor for quite some time. we're in a recession the first quarter let alone the second quarter. individual pieces are bouncing around. but i think the trend is still very poor. and that's really before the full force of the latest euros and cry sisz. so, yeah, ewe know, the banks being in the easing is camp, any opportunity in the last five years, anyway. so we should nt be surprised. they're going to do 50 billion this week. as you said, there's all sorts of other bells and whistles at it. 50 billion here, a hundred billion there. >> actually, maybe they need to do the focus on the other may jurors they've announced. you know, they're already well below 2%. the concept of buying further gills and somehow that filtering into the real economy. i think it's symbols. so i mean,
steven isaacs joins us now. steven, thanks for joining us. we fully expect more point of seize from the bank of england on thursday. another 250 billion. they've already told banks to go out and use 150 or 200 billion reserves in terms of lending. >> the data has been very poor for quite some time. we're in a recession the first quarter let alone the second quarter. individual pieces are bouncing around. but i think the trend is still very poor. and that's really before the full force of...
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tweet us or e-mail us as worldwide@cnbc.com. reach us directly at kelly evans or ross westgate. >> marissa mayer being named ceo of yahoo! of course marissa mayer one of the most senior executives at google. she's been in charge of the look and feel of google, virtually everything you touch on google, the home page, the search screen, the gmail, google news, google images and google maps, it's a surprise move for marissa mayer to leave google. as i said she was the 20th employee of that company. she will be joining yahoo!. there was an expectation that ross levinson the current interim ceo who took over after scott thompson left that company after questions of his resume, he would become the ceo but today the big surprise across silicon valley is marissa mayer will take that role. the big question is whether she's up to the challenge and recruit the talent that's necessary. and whether they will be able to revive the fortunes of yahoo! which has been under question. back to you. >> timothy rendell is still with us. timothy your
tweet us or e-mail us as worldwide@cnbc.com. reach us directly at kelly evans or ross westgate. >> marissa mayer being named ceo of yahoo! of course marissa mayer one of the most senior executives at google. she's been in charge of the look and feel of google, virtually everything you touch on google, the home page, the search screen, the gmail, google news, google images and google maps, it's a surprise move for marissa mayer to leave google. as i said she was the 20th employee of that...
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get in touch with us. send us an e-mail, worldwide@cnbc.com or tweet us @cnbcwex. ross? >>> still to come, we'll hear from a guest who recommends going short sterling/dollar and long dollar/yen. we're going to talk currencies when we come back. >>> welcome back to the program. just a couple of headlines we want to bring you on the latest out of syria. a draft u.n. security council resolution on syria. that russia veto was, quote, absolutely unrealistic, according to a for inministry spokesman. russia has rejected criticism over its veto on syria and says the west should pressure rebels to stop fighting. ross? >>> meanwhile, the singapore exchange has denied it's in talks with the london exchange group for a potential merger. britain's "daily telegraph" reported two groups discussing a tie-up that might be worth 7.2 billion pounds. in an interview, the group is less focused on a collaboration. speaking exclusively to cnbc before news of a possible deal broke, they talked up that idea of cross-border corporation with an lse sgx deal last week. >> the announcement had been
get in touch with us. send us an e-mail, worldwide@cnbc.com or tweet us @cnbcwex. ross? >>> still to come, we'll hear from a guest who recommends going short sterling/dollar and long dollar/yen. we're going to talk currencies when we come back. >>> welcome back to the program. just a couple of headlines we want to bring you on the latest out of syria. a draft u.n. security council resolution on syria. that russia veto was, quote, absolutely unrealistic, according to a for...
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diamond told us that the fsa was specifically pleased with us. that doesn't sound very pleased. >> again, i think -- i assume what he's referring to is this came from the top. comments specifically made by mr. bailey at that board meeting. >> that's in relation to the precise question i just put to you, put to mr. diamond by our chairman. >> i'm sorry. >> precisely the question i put to you is a question our chairman put to mr. diamond. >> which was? >> mr. diamond -- >> we're going get more from hearing with marcus agius. likely of course take a couple of hours and if it's anything like the ones we previously heard. i want to get reaction. your thoughts? >> this morning a bit disappointing. yesterday to my surprise and quite intelligent and coordinated questioning coming from the panel. today we're revisiting issues of the past, we're not talk about libor. i can't remember the last time i remember hearing libor mentioned. we're the hearing old vendetta about the culture at barclays being played out whereas to remind ourselves the libor specific
diamond told us that the fsa was specifically pleased with us. that doesn't sound very pleased. >> again, i think -- i assume what he's referring to is this came from the top. comments specifically made by mr. bailey at that board meeting. >> that's in relation to the precise question i just put to you, put to mr. diamond by our chairman. >> i'm sorry. >> precisely the question i put to you is a question our chairman put to mr. diamond. >> which was? >> mr....
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you know how to reach us, e-mail us at worldwide@cnbc.com. becky? >>> we did see a bit of respite for the italian debt, but it didn't last long at all. we have a successful auction of three-year italian debt with the average yield falling from last time around. that did give a bit of respite for various points along this curve. but now having dropped back below 6% on the ten-year italian debt, we are back above 6%. in fact, 6.03% is where we are on the ten-year italian debt. similarly, we may see the euro pick up, but now back below 1.22. after we had a moment of calm, it looks like the concerns that prompted moody's prince, to cut their rate of italy by a couple notches. >> that's right, becky. thanks for that. you're watching "worldwide exchange." if you're just tuning in this morning, these are your headlines. china grows at its slowest pace in three years. italy's borrowing costs fall despite a two-notch downgrade by moody's. and jpmorgan expected to shed more lights on trading losses when it reports second quarter results in just about 5 minut2
you know how to reach us, e-mail us at worldwide@cnbc.com. becky? >>> we did see a bit of respite for the italian debt, but it didn't last long at all. we have a successful auction of three-year italian debt with the average yield falling from last time around. that did give a bit of respite for various points along this curve. but now having dropped back below 6% on the ten-year italian debt, we are back above 6%. in fact, 6.03% is where we are on the ten-year italian debt. similarly,...
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thanks for joining us. bill smeed, ceo, smeed capital management. >>> fourth of july tradition, the annual nathan's famous hot dog eating contest, joey chestnut, is that his real name? he took the title again for six years. he. >> thanks very much for watching the show. >>> "squawk box" is coming up next. european viewers, stay for a special. store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. we provide the exact individualization that your body needs. wow, that feels really good! once you experience it, there's no going back. hurry in now for our lowest prices of the season. save $300 to $1000 on selected sleep number bed sets. final days! sale ends sunday. only at the sleep number store, where queen mattressesrt at just $699. >>> good morning. back to work. the u.s. markets set to re-open after the july fourth holiday. the focus remains across the pond as the ecb considers a rate cut. former barclays ceo bob diamond apologizes to british lawmakers but
thanks for joining us. bill smeed, ceo, smeed capital management. >>> fourth of july tradition, the annual nathan's famous hot dog eating contest, joey chestnut, is that his real name? he took the title again for six years. he. >> thanks very much for watching the show. >>> "squawk box" is coming up next. european viewers, stay for a special. store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. we provide...
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follow us @cnbcwex. or contact me, beccymeehan. >>> also coming up later on cnbc, we'll bring you special coverage of bob diamond's hearing before the uk treasury select committee. that's from 1:00 p.m. today. live testimony due to begin at 2:00 p.m. local time. that's 9:00 a.m. eastern time. quick look at what's going on on the asian markets today. we are seeing a bit of mixed trade really. several key markets are declining. but we have gains coming through, too, across australia, for instance, where we're up by over 1%. tracy is checking in, though, on all the details and joins us with more. tracey? >> good morning, beccy. love your dress, by the way. asian markets turn mix. those hopes for more stimulus from the world's top central banks beginning to wear off. china stocks struggle to stay in the green but ended mostly flat. petrol china was the biggest drag for the second straight day following a brokerage downgrade. hsbc posted its version of china services vmi in june. that sector dropped to a ten-
follow us @cnbcwex. or contact me, beccymeehan. >>> also coming up later on cnbc, we'll bring you special coverage of bob diamond's hearing before the uk treasury select committee. that's from 1:00 p.m. today. live testimony due to begin at 2:00 p.m. local time. that's 9:00 a.m. eastern time. quick look at what's going on on the asian markets today. we are seeing a bit of mixed trade really. several key markets are declining. but we have gains coming through, too, across australia, for...
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. >> make sure you join us tomorrow. "squawk on the street" begins right now. >>> good morning, welcome to "squawk on the street." i'm melissa lee along with carl, jim cramer and david faber live from the new york stock exchange and looks like we could be on our way to some gains today. we were down seven out of past eight sessions, but right now, looking at the 35. we're on the rise in anticipation of what ben bernanke may say on the hill today. let's look at the picture in europe. spanish borrowing costs lower this morning, but a little of the wait and see about ben bernanke. a mixed bag across the board. >> our road map today does start on capitol hill. does bernanke give a wink on qe3 or is this all about scolding congress on the fiscal cliff? we will have more in the next hour. >> and coca-cola delivers a solid quarter, but feels the head winds from fx and j&j delivers yet another disappointment. >> the stock hit 100 this morning for the first time since may, but blankfein says conditions are deteriorating. >> and m
. >> make sure you join us tomorrow. "squawk on the street" begins right now. >>> good morning, welcome to "squawk on the street." i'm melissa lee along with carl, jim cramer and david faber live from the new york stock exchange and looks like we could be on our way to some gains today. we were down seven out of past eight sessions, but right now, looking at the 35. we're on the rise in anticipation of what ben bernanke may say on the hill today. let's look at...
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e-mail us or tweet us @cnbcwex or get in touch with us individually. >>> just a note out of bank, sold a loan portfolio value near 100 million euro. trying to shed capital. it's going to to active capital. >>> s.a.we talked with mark hurd talked about the company's acquisition plans. >> we don't ever talk about acquisition, so we typically don't talk about it until after we've made them. from a partnership decision, we're looking to extend our partnerships. we're aggressive in mobile partners, systems integration firms, that can help implement and execute solutions. all kinds of partners. >> oracle has announced billions in share buy backs over the last several months. is there more to come or any plans to raise dividends instead? >> we have a broad authorization for buy back. we'll consider buying back stock per quarter. and we are very big believers in our own stock. >> how does oracle guarantee revenue, especially when it comes to hardware given what's going on in the eurozone? >> if you looked at what happened in the economy, i thought it was interesting. many companies in the tech
e-mail us or tweet us @cnbcwex or get in touch with us individually. >>> just a note out of bank, sold a loan portfolio value near 100 million euro. trying to shed capital. it's going to to active capital. >>> s.a.we talked with mark hurd talked about the company's acquisition plans. >> we don't ever talk about acquisition, so we typically don't talk about it until after we've made them. from a partnership decision, we're looking to extend our partnerships. we're...
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kpmg joins us for me. nicki this decision expected, i guess, but how will australia remain -- to china? >> very vulnerable our rue is very much that china while it might have a slowdown, that's a good thing. that means it's long-term but more sustainable growth. we're tied in through resources sector. as i said, we expect the china story to remain quite firm. >> nicki, do you think that the second quarter inflation figure could potentially surprise people and not be quite as soft as anticipated, thereby not leaving room for another cut come this late summer? >> look, kpmg is that there won't be another cap this cycle. inflation has been held back here very much in terms of the australian dollar driving the price of trade of goods down. in fact, i think the reserve bank alluded to that in the elise today that accompanied no change rate decision. from our perspective, the downside on inflation has actually well pretty well fed through. prices are well-behaved. over the course of the coming year, we'll start
kpmg joins us for me. nicki this decision expected, i guess, but how will australia remain -- to china? >> very vulnerable our rue is very much that china while it might have a slowdown, that's a good thing. that means it's long-term but more sustainable growth. we're tied in through resources sector. as i said, we expect the china story to remain quite firm. >> nicki, do you think that the second quarter inflation figure could potentially surprise people and not be quite as soft as...
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shoot us an e-mail at worldwide@cnbc or tweet u us @cnbcwex." we're getting interesting replies to our conversation earlier on libor. you can reach us direct directly @kelly_evans or @rosswest gate. >> don't miss out. >>> next, our guest says middle east tensions will keep oil prices fairly steady. more in a few moments. ♪ multi-policy discount... paperless discount... paid in full discount... [yawning] homeowner's discount... safe driver discount... unicorn discount. unicorn wearing a sombrero. olé... countless discounts -- now, that's progressive. call or click today. ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> yes, you are. welcome back to the program this morning. these are your headlines. it's all about jobs today. a pickup is expected, but will it be enough to make a dent in the unemployment rate? >>> china's second rate cut in a month fails to lift asian equities, sparking worries the slowdown may be
shoot us an e-mail at worldwide@cnbc or tweet u us @cnbcwex." we're getting interesting replies to our conversation earlier on libor. you can reach us direct directly @kelly_evans or @rosswest gate. >> don't miss out. >>> next, our guest says middle east tensions will keep oil prices fairly steady. more in a few moments. ♪ multi-policy discount... paperless discount... paid in full discount... [yawning] homeowner's discount... safe driver discount... unicorn discount....
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joins us live from london. great to have you with us. i want to focus in on spanish borrowing costs. at euro-era highs and some say this can persist for a couple of months before spain sun able to fund itself. is there a backstop that investors can take heart in? i mean, what sort of mechanisms can kick in in order to help spain? >> yeah. well, i think you're absolutely right. we do need to start thinking very carefully about what official measures there are to help spain given that euro is so high as they are right now. there are three kinds of measure. you can actually use the efsf along with the esm which is likely to get approval from september could be used to go out and buy debt in the primary market, direct from spain. that would certainly be a big help. that could be agreed within weeks, really, and quite the near term. secondly, there is the european central bank. potentially it could go out as it has done in the past and indeed as the fed and bank of england have done and actually buy bonds outright. there the ecb has some relu
joins us live from london. great to have you with us. i want to focus in on spanish borrowing costs. at euro-era highs and some say this can persist for a couple of months before spain sun able to fund itself. is there a backstop that investors can take heart in? i mean, what sort of mechanisms can kick in in order to help spain? >> yeah. well, i think you're absolutely right. we do need to start thinking very carefully about what official measures there are to help spain given that euro...
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get in touch with us. send an e-mail to worldwide@cnbc.com or tweet u us @cnbcwex or individually. >> you might find my twitter page has been quiet for the last week while on holiday. i don't like to tweet personal things. >>> coming up, premier wen has issued a growth warning as china faces continued risk and the rebound is uncertain. more on that when we come back. >>> welcome back to the program. beijing may be set to launch more stimulus after its midyear economic meeting that could be held this wednesday. the state-run chinese securities journal expects a policy blueprint for stabilizing the economy in the second half of the year. now, this could include more infrastructure spending, and they're also taking a look at further tax cuts. meantime, premier wen jiabao says china's recent policies are working to support the economy, but he has reportedly warned that risks remain and a rebound is uncertain. when hinted more needs to be done to prop up growth. >>> ben sivendorf is joining us for more. ben, wo
get in touch with us. send an e-mail to worldwide@cnbc.com or tweet u us @cnbcwex or individually. >> you might find my twitter page has been quiet for the last week while on holiday. i don't like to tweet personal things. >>> coming up, premier wen has issued a growth warning as china faces continued risk and the rebound is uncertain. more on that when we come back. >>> welcome back to the program. beijing may be set to launch more stimulus after its midyear economic...
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. >> make sure you join us tomorrow. "squawk on the street" begins right now. >>> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer, david faber live at the nyse. stocks coming off their first back-to-back triple digit losses since april and the earnings flood continues today futures moderately down about 25. data out of china and europe as well. not all of it bad but not all of it good. in europe this morning the market is also mixed with the ftse down almost five points. >> we begin with two high profile warnings. u.p.s. and texas instruments lowering forecasts citing increasing uncertainty and in u.p.s.'s case a double digit drop off in asian exports. are these bellwethers sounding the alarm? >> at&t with a pretty solid quarter, stronger wireless margins, low turn. smaller than expected drop off in iphone activations ahead of the release of the iphone 5. >> some say that could be good news for apple which is of course reporting tonight. the streets open at 10.36
. >> make sure you join us tomorrow. "squawk on the street" begins right now. >>> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer, david faber live at the nyse. stocks coming off their first back-to-back triple digit losses since april and the earnings flood continues today futures moderately down about 25. data out of china and europe as well. not all of it bad but not all of it good. in europe this...
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we asked people, is it affecting us now, will it affect us later? 4% said it had no effect, 18% later this year, 78% saying it is hurting economy, the economy and business already, right along those lines. david resler of nomura grade economist says the odds that we reach the cliff with no action taken is rising. dennis gartman, a sage but much like jim grant in my opinion "the biggest test facing the u.s. economy is that we shall do something truly stupid, raise taxes and cut spending aggressively doing immeasurable damage to the economy in the process." finally "the fed now faces the possibility of trying to offset policy errors not only in the euro zone but also its own backyard on capitol hill," lynn reaser, point loma nazarene university. >> you have a $450 billion tax hike built in for 2013 and the rates would go up, thereby reducing incentives. i don't agree about spending. there's about $100 billion spending cut in there, depending on how you count it. >> right. >> it's 65 to $100 billion. my problem is, half of it is defense, and defense is
we asked people, is it affecting us now, will it affect us later? 4% said it had no effect, 18% later this year, 78% saying it is hurting economy, the economy and business already, right along those lines. david resler of nomura grade economist says the odds that we reach the cliff with no action taken is rising. dennis gartman, a sage but much like jim grant in my opinion "the biggest test facing the u.s. economy is that we shall do something truly stupid, raise taxes and cut spending...
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did you miss us? >> the slowdown was more than what i thought, it took me by surprise but of course the speed up took everybody by surprise and the question was how much of that was real and now i think what we're seeing is that you take the whole first part of the year and just average everything together and probably gives you some estimate of where we're going. we had a turnaround in household employment, 400,000 household jobs gained which is why i think we'll get a turn around in the payroll report. >> in 2010 the numbers showed a lot of job growth earlier in the year and soft job growth in the summer, negative payroll numbers in the summer of 2010 and really soft payroll numbers in the summer of 2011. something funny is going on with the seasonal adjustments. >> you're going to write a story about this, right, john, this was a footnote in a speech that bernanke gave in which he argued that because of what happened with lehman brothers, that there is that he whole thing that's messed up in the se
did you miss us? >> the slowdown was more than what i thought, it took me by surprise but of course the speed up took everybody by surprise and the question was how much of that was real and now i think what we're seeing is that you take the whole first part of the year and just average everything together and probably gives you some estimate of where we're going. we had a turnaround in household employment, 400,000 household jobs gained which is why i think we'll get a turn around in the...
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>> it did happen to us. it happened to us last year. we fell off a cliff faster than i've ever seen in my career during the debt ceiling debate last year. we went from double-digit increases to negative comps in the period of about a week. >> wow. >> and we had bought inventory very aggressively, so we had a little cleaning up to do through the fall season last year with the excess inventory. this year our inventories are very lean, and we think that, you know, if there is some volatility, that we certainly could manage our business much better than we did last third quarter. >> great microcosm look at how uncertainty at the national level in politics can really affect individuals. >> right. >> thank you very much for coming in. it was great. >> thank you. >>> coming up next, more from guest host, florida governor rick scott. then in the next hour, an american legend, gibson guitars was founded in the early 1900s. the iconic brand is on the forefront of innovation for musicians and those who love to listen. the ceo of gibson guitars wil
>> it did happen to us. it happened to us last year. we fell off a cliff faster than i've ever seen in my career during the debt ceiling debate last year. we went from double-digit increases to negative comps in the period of about a week. >> wow. >> and we had bought inventory very aggressively, so we had a little cleaning up to do through the fall season last year with the excess inventory. this year our inventories are very lean, and we think that, you know, if there is...
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you can tweet us. we have some of your answers straight ahead. [ male announcer ] introducing a powerful weapon in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. reif i. reif i. reif i. 1 i went to a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build my own screens tdd# 1-800-345-2550 or use predefined
you can tweet us. we have some of your answers straight ahead. [ male announcer ] introducing a powerful weapon in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. reif i. reif i. reif i. 1 i went to a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in...
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tweet us your guess @cnbcsquawkst and don't forget to use the #nailthenumber. you have to be at least 18 years of age, too. sorry, kid. for all the officials rules and detai details, go to sots.cnbc.com. now is your chance. "squawk on the street" will be right back. a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. a farewell long awaited. goodnight, stuffy. goodnight, outdated. goodnight old luxury and all of your wares. goodnight bygones everywhere. [ engine turns over ] good morning, illumination. good morning, innovation. good morning unequaled inspiration. [ male announcer ] the audi a8, chosen by car & driver as the best luxury sedan in a recent comparison test. pinion on the pint pinot grigio. jane wells live in los angeles with more on that news. good morning, jane. >> hey, carl.
tweet us your guess @cnbcsquawkst and don't forget to use the #nailthenumber. you have to be at least 18 years of age, too. sorry, kid. for all the officials rules and detai details, go to sots.cnbc.com. now is your chance. "squawk on the street" will be right back. a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone...
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Jul 18, 2012
07/12
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CNBC
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it's better than it used to be. i know that's damning with faint praise but still praise in the sentence. >> seeing the same trend of course overall in banking and goldman sachs to a certain extent yesterday. it's a key function of banks these days and cutting costs and where bank of america is focused. on the road and continuing to try to cut as much cost as you can. the overall profitability dynamic has changed. no way around that. it's changed. can't lever up the balance sheet. you have more capital against. fixed income is not the profit center it was. you have to bring down costs. >> the book continues. 13 bucks. >> net interest margin down some 13 basis points. interesting piece in "politico" today talking about why the u.s. is still a good place to invest. he's going now to demographics. and some broader issues. also says he's in favor of an infrastructure spending program in the country that would be funded by repatriated corporate funds. may be moving the ball today, as well. >> yes. tim geithner i think wo
it's better than it used to be. i know that's damning with faint praise but still praise in the sentence. >> seeing the same trend of course overall in banking and goldman sachs to a certain extent yesterday. it's a key function of banks these days and cutting costs and where bank of america is focused. on the road and continuing to try to cut as much cost as you can. the overall profitability dynamic has changed. no way around that. it's changed. can't lever up the balance sheet. you...
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Jul 12, 2012
07/12
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CNBC
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stay with us. . zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the mil
stay with us. . zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a...
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276
Jul 26, 2012
07/12
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CNBC
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that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." >>> good thursday morning. welcome to "squawk on the street." i'm melissa street alongside of jim kremer. we'll see you later on on the show. we are poised for a rally. you can call this t draghi rally. the ecb offering its boldest defense. we do see green arrows. the dow looking at 167 at the open. as for europe, germany seeing a 1.8% rise in fran's cac seeing a 30% gain so far on the section. roadmap starts with that rally by draghi. the ecb president said he will do whatever it takes to preserve the our ro. could this come just in time for the life of dow chemical. >> exxon mobil's quarterly profit jumped 49%. the share was below estimates of $1.95. >> zynga gets zinged. that sent shares of facebook lower premarket ahead of its first earnings report as a publicly traded company. >> mario draghi said the ecb will do whatever is necessary to prevent the eurozone from collapse. his comments coming in an investment conference in london. >
that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." >>> good thursday morning. welcome to "squawk on the street." i'm melissa street alongside of jim kremer. we'll see you later on on the show. we are poised for a rally. you can call this t draghi rally. the ecb offering its boldest defense. we do see green arrows. the dow looking at 167 at the open. as for europe, germany seeing a 1.8% rise in fran's cac seeing...
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Jul 16, 2012
07/12
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CNBC
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. >> that does it for us today. right now, time for "squawk on the street." >>> good monday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer and david faber live at the new york stock exchange. friday the 13th ended up being pretty good for the bulls, both the dow and the s&p rallying to snap that six-day losing streak. take a look at the futures. setting up for a lot of earnings over the next five sessions. bernanke on the hill both tuesday and wednesday. as for europe, dealing with a lot of news involving libor over the weekend, which we'll talk about. for now, all the major indices modestly in the red. >> our roadmap starts with the first big bang to report its earnings. citigroup beating estimates. . >> morgan stanley downgrades general electric to equal weight saying the key reasons to buy the stock are more of a 2013 story. the industrial giant post earnings this friday. >> is more china stimulus on the way? comments from chinese leaders over the weekend may hold th
. >> that does it for us today. right now, time for "squawk on the street." >>> good monday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer and david faber live at the new york stock exchange. friday the 13th ended up being pretty good for the bulls, both the dow and the s&p rallying to snap that six-day losing streak. take a look at the futures. setting up for a lot of earnings over the next five sessions....
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228
Jul 13, 2012
07/12
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CNBC
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stay with us. mutual, we know how much you count on your car, and how much the people in your life count on you. that's why we offer accident forgiveness, where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life, or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you time and money. at liberty mutual, we help you move on with your life, so get the insurance responsible drivers like you deserve. call us at... or visit your local liberty mutual office, where an agent can help you find the policy that's right for you. liberty mutual insurance, responsibility -- what's your policy? like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. wel
stay with us. mutual, we know how much you count on your car, and how much the people in your life count on you. that's why we offer accident forgiveness, where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life, or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you...
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Jul 28, 2012
07/12
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CNN
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well, try using a hot model. our jeanne moos has more. >> it is one thing to be hot on youtube for being cute while enjoying air conditioning. being hot while left in a parked car is anything but cool. instead of the usual warnings equating a hot car with a hot oven, peta opted for a hot model panting and crawling around a locked car and the skull locks are a nice touch, trapped like a dog in a scorcher. she resorts to sticking her nose out the cracked window. >> how could an italian super model person ate a dog in heat without wearing a suit and fashion accessories. >> it came from a similar video by the german branch featuring a german personality and peta supporters aren't the only ones sweating up a storm to get out the message. >> i am your pet and now in the car. >> instead of banging on windows, north carolina vet dr. ernie ward spent 30 minutes with a thermometer in a car. >> 106 degrees. i want out of the car. >> by the time it hit 113. >> i am fully drenched now. i can do that. a dog can't. >> the demo
well, try using a hot model. our jeanne moos has more. >> it is one thing to be hot on youtube for being cute while enjoying air conditioning. being hot while left in a parked car is anything but cool. instead of the usual warnings equating a hot car with a hot oven, peta opted for a hot model panting and crawling around a locked car and the skull locks are a nice touch, trapped like a dog in a scorcher. she resorts to sticking her nose out the cracked window. >> how could an...
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we saw us fighting two wars on a credit card. the tax cuts turned a surplus into a deficit, and the lack of regulation resulted what happened on wall street and we ended up with the biggest crisis that we've ever seen. >> that ain't right. >> it ain't right. it's not a smart theory. >> all right. that's the politics of it all. i'll remind you once again, we are four months to the day, to the presidential election. let's take a closer look at who has the jobs, who doesn't have the jobs, where the jobs are being created and everything else. for that poppy harlow. >> this committee aeconomy adde jobs. it's less than expected. we need to be creating somewhere between 300 and 400,000 jobs a month to bring this rate down. that's not happening at all. some important numbers to show you. 12.7 million. that's the number of americans that are out of work. they are unemployed. 5.4 million of them have been out of work for six months or longer. the longer you're out of work, the harder to find a job. that's almost 42% of the unemployed. anot
we saw us fighting two wars on a credit card. the tax cuts turned a surplus into a deficit, and the lack of regulation resulted what happened on wall street and we ended up with the biggest crisis that we've ever seen. >> that ain't right. >> it ain't right. it's not a smart theory. >> all right. that's the politics of it all. i'll remind you once again, we are four months to the day, to the presidential election. let's take a closer look at who has the jobs, who doesn't have...